Workers at two NSW factories have slammed their former employer after the company went bust, leaving them and other creditors multiple millions out of pocket. Last month, two companies linked to the Sydney-based Apollo group, which manufactures kitchen and bathroom joinery, collapsed into liquidation after 56 years in business. Its main clients were big builders…
Animus Distillery has entered into voluntary administration. Animus Distillery in Kyneton has entered into voluntary administration. Leading advisory and restructuring firm, Cor Cordis, has been engaged to assist the business with opportunities for sale or potential recapitalisation. In a statement issued to customers and partners, the Animus team said the decision was not made lightly.…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The company at the centre of René Benko’s property empire more than doubled its debt in the first nine months of the year, indicating the scale of the liquidity problems facing the group as it…
LATEST: 105 businesses go into liquidation in QLD Courier Mail Read the original article here
Proform Food Group – the manufacturer of plant-based protein products under the Meet, Protein Plate, and Bad Hunter brands – has entered voluntary administration. KPMG Australia’s Gayle Dickerson and James Dampney have been appointed as administrators to oversee the process. The administrators have assumed day-to-day control of the group, which will continue operating normally while…
Higher interest rates are pushing an increasing number of companies into insolvency, according to one of the UK’s biggest insolvency practitioners. Begbies Traynor said it expected to see more businesses tip into insolvency “in tandem with the indicators of corporate financial stress in the UK”, alongside its financial results published on Monday. The Bank of…
A caravan builder based in Melbourne has collapsed into liquidation with estimated debts of up to $1 million. Highline Caravans Pty Ltd, located in the outer suburb of Campbellfield, went into voluntary liquidation this week according to a notice published on ASIC. The company went bust potentially owing between $700,000 and $1 million. Early reports…
In short: A private hospital in Melbourne’s western suburbs has entered voluntary administration. The $140 million Sunshine Private Hospital was opened in March 2023. What’s next? Surgeries have been cancelled, with patients to be transferred to other hospitals. The company behind Sunshine Private Hospital in Melbourne’s west has entered voluntary administration, forcing hospital management to cancel surgeries…
In the final statistics release of this year, the Insolvency Service confirmed that there were 2,466 registered company insolvencies in November 2023 (the December figures will be released early in 2024). Not only was this 21% higher than in the previous November, but 7% higher than the figures in October 2023. The company insolvencies in…
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